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20121027
20121104
Search Results 0 to 30 of about 31 (some duplicates have been removed)
to canceled flights, the federal response and potential election impact. we'll have all that and more right here on nbr! >> tom: hurricane sandy is now super-storm sandy as it clashes with another weather system, bringing wind, rain, and snow to parts of the mid-atlantic and northeastern u.s. she has cut a path of destruction, flooding, and massive power outages as the death toll from the storm stands at 17 across seven states. even as sandy makes her way to canada, the destruction is devastating. high winds pushed the atlantic ocean up and over seawalls, flooding entire neighborhoods. the wind and water teamed up to cut power to millions of people along the eastern seaboard. the storm surge even continued today as sandy tracked through western pennsylvania and new york state. the storm has affected an estimated one out of every five americans, bringing some business to a standstill over flooding, closed airports, and no public transportation. while rescue efforts continue tonight, early damage estimates are still rough, running between $10 billion and $20 billion, according to eqecat. hurr
the election. u.s. businesses added 171,000 jobs in october across many industries. four days after sandy, the gas crunch in jersey, access to cash in the northeast and controversy nixes sunday's running of the new york city marathon. that and more tonight on "n.b.r.!" we begin with jobs. employers beefed up their payrolls last month, adding more jobs than expected as more americans counted themselves among the labor force. the official labor department count shows 171,000 jobs were created last month. that's much stronger than the 125,000 analysts were looking for. and the government revised its september new job count up to 148,000. thanks to more people looking for work, the unemployment rate rose slightly to 7.9%. darren gersh has the story from washington d.c. >> reporter: the october employment report makes it clear a jobs recovery is solidly underway. >> i think the k message tre is that employment growth has been taken up a notch. over the last three months we've added over 170,000 jobs on average. that's a little bit better than what we've been seeing. that is enough over the lon
, and the election. president obama suspended campaigning to oversee the government's storm response. governor mitt romney canceled campaign events in the key states of virginia and new hampshire. darren gersh tonight looks at the impact with election day one week away. >> reporter: both campaigns say they have stopped fundraising and campaigning in states in sandy's path. governor romney was still looking for votes today in ohio, iowa and wisconsin, but his campaign says he will stay away from the key swing states of virginia and new hampshire to let emergency workers there focus on the storm. both candidates say this is a time for the nation to come together. >> i am not worried at this point about the impact on the election. i'm worried about the impact on families, and i'm worried about the impact on our first responders. i'm worried about the impact on our economy and on transportation. the election will take care of itself next week. >> i would like to ask you who are here today to think about making a contrutioto the red cross or another relief agey, to be of help if you possibly can in any
romney today promised big changes if he's elected, in a speech billed as his closing argument in the campaign. e acsesed president obama of shrinking from the major issues facing the nation. romney promised to offer policies that mched the scale of today's economic challenges. he again touted his five point plan for economic growth,ch including promoting small businesses, cutting the federal budget, and keeping taxes low. >> this is not the time to double down on trickle down government policies that have fail us. it's time for new bold changes that measure up to the moment and that can bring america's families the certainty that the future will be better than the past. >> tom: the obama campaign pushed back against the speech, a spokeswoman today sa while y governor romneoris promising change, it's change that will lead us back to the same failed policies that crashed our economy in the first place. is >> tom: in cities across the u.s., the biggest mortgage lender, wells fargo looking to mend its image after accusations it steered minority homebuyers into sub-prime loans. the
stage in washington, after next week's election. >> tom: tomorrow on "n.b.r." its the nation's financial capital, we look at the challenges and cost of getting new york city moving again. >> susie: all of this is happening on hallowee. that's nightly business report for wednesday, october 31, halloween, have a od and safe evening everyone. >> tom: goodnight susie, we' see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt.
in the economy. after the election, lawmakers have a chance to boost the economy by reaching an agreement to extend expiring tax cuts and ease looming spending cuts; or they can jump off the so-called fiscal cliff and see if the economy follows. darren gersh, nbr, washington. >> tom: retail sales moved higher in october as retailers closed their books on the month before sandy rushed ashore. macy's surprised with a better than expected 4% sales gains; kohl's and target also fared well. warehouse store costco was up 5%, while nordstrom was the standout. the high-end retailer posting a near 10% sales gain. >> susie: and auto sales moved higher in october, despite hurricane sandy crimping sales in the final days of the month. sales at g.m. rose almost 5% on strength in its cadillac and buick brands. at ford, sales barely budged, up just four tenths of a percent. the auto maker believes the massive storm cost the industry as many as 25,000 sales in the last three days of the month. chrysler was up 10%, led by its ram pickup truck. toyota's sales were up 16%, while honda gained about half that
Search Results 0 to 30 of about 31 (some duplicates have been removed)